Junk silver coins not only reflect the day-to-day silver market price, but also peoples’ fears about the economy.
#SILVER COINS VALUE HOW TO#
Yes, silver coins make great investments! But as with any investment, you need to research and learn how to invest wisely. You have to be wary of scams and shady deals though! Do They Make Good Investments? There is more selection available online, and it’s easier to shop around and compare prices. That’s why many investors turn to online stores to get their silver coins. They also sometimes have a more limited selection of coins than what many investors are looking for. However, they often charge a premium on their coins. These also have their own pros and cons.Īn LCS can give you a lot of good information on coins and be a great resource for starting out.
Many people will shop online or at their Local Coin Shop (LCS) for junk silver coins. Don’t be fooled into thinking all your coins are valuable because they’re silver-colored! The best way to tell if a coin is silver is by looking at the date to see if it’s from 1964 or earlier. Many people buy rolls and boxes of coins from the bank for this exact purpose! However, it takes a long time to find many silver coins, and many folks find that their rate of return isn’t worth the effort.Įven if you don’t buy rolls to search through, it’s always worth looking through your change for the occasional silver. The cheapest but most time-consuming method of getting junk silver coins is to search through change for the occasional silver coin.
Each method has its own drawbacks and benefits, including the costs and time involved. There are a few key ways you can get junk silver coins to add to your collection or investment portfolio. However, because they’re so easy to identify and have set amounts of silver in them, they’re great coins for investments! How Can You Get Them? They’re often relatively newer and in poor condition, making them not very valuable to coin collectors. These are known as “numismatic” coins, which means they have value because of their year, condition, design, and other features, in addition to their silver value.Ī junk silver coin is still silver, but it doesn’t really have any additional value. Many of these older coins are worth a lot to collectors today, such as a rare silver dollar sold this year. The first thing you should know is that the term “junk” doesn’t mean the coins are worthless! Rather, these are coins that aren’t worth much more than their inherent silver value.Īll quarters, dimes, half dollars, and dollars minted before 1965 were silver. There are a couple of key things that will put a coin in this category, though sometimes the definition can be a little fuzzy depending on who’s classifying the coins. The term junk silver can be confusing to a lot of people. So what makes a junk silver coin, and are they good investments for you? Read on for everything you need to know about these silver coins! What Are Junk Silver Coins? In fact, many people saved these so-called junk silver coins, and even today, people still buy and sell them. But even though those silver coins were no longer made, they didn’t go away! Gone were the days of silver and gold coins, and in their place came coins made of copper and nickel. With the Coinage Act of 1965, United States coins were changed forever. A very important, significant and historically important coin.Are Junk Silver Coins a Good Investment? A Closer Look April 19th, 2022 The coins on offer were struck in Sterling Silver or 925 fine Silver and they are all in Fine condition. You have the bare head of the King on one side and a crowned coat of arms on the other side. Dates will be of our choice and the more you order the more different dates we will give you. We have a nice selection of these now difficult to find coins. The Last Sterling Silver Halfcrowns were issued under King George V from 1911-1919. A Halfcrown was Two Shillings and Sixpence or equivalent to 12.5 Pence. British coins up to and including 1919 were struck in Sterling Silver the highest denomination struck for regular issue was the Halfcrown. Going back to King Edward I (1272-1307), the silver was so high quality that the coins were illegally exported, melted down, and lower grade silver was issued in its place.
British coins were always known for the high quality of Silver that the governments had used in their striking.
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